Utilico Emerging Markets Trust (LON:UEM) Sets New 1-Year High on Insider Buying Activity

Utilico Emerging Markets Trust PLC (LON:UEM) hit a new 52-week high during mid-day trading on Wednesday following insider buying activity. The stock traded as high as GBX 244 ($3.33) and last traded at GBX 243 ($3.32), with a volume of 108527 shares changing hands. The stock had previously closed at GBX 244 ($3.33).

Specifically, insider Nadya Wells acquired 3,290 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was acquired at an average price of GBX 244 ($3.33) per share, with a total value of £8,027.60 ($10,959.18). Also, insider Mark Bridgeman acquired 4,675 shares of the company’s stock in a transaction on Tuesday, July 1st. The shares were bought at an average cost of GBX 243 ($3.32) per share, with a total value of £11,360.25 ($15,508.87). In related news, insider Eric St Clair Stobart acquired 3,250 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was acquired at an average price of GBX 242 ($3.30) per share, with a total value of £7,865 ($10,737.20).

Utilico Emerging Markets Trust Price Performance

The firm’s fifty day simple moving average is GBX 232.76 and its 200 day simple moving average is GBX 220.52. The firm has a market cap of £459.88 million, a P/E ratio of 22.13 and a beta of 0.59. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.41 and a current ratio of 0.90.

Utilico Emerging Markets Trust (LON:UEM) last announced its quarterly earnings results on Friday, June 13th. The company reported GBX 9.95 ($0.14) EPS for the quarter. Utilico Emerging Markets Trust had a net margin of 63.48% and a return on equity of 4.12%.

About Utilico Emerging Markets Trust

Utilico Emerging Markets Trust plc (“UEM”) is a UK closed-end investment trust which is uniquely focused on global infrastructure and utilities megatrends in emerging markets.

UEM’s objective is to provide long-term total return by investing predominantly in infrastructure, utility and related sectors mainly in emerging markets.

UEM’s focus is on the undeveloped and developing markets of Asia, Latin America, Emerging Europe and Africa, while maintaining the flexibility to invest in markets world-wide.